In the year 2024, the approval of Bitcoin spot ETFs in the U.S. and the introduction of Ethereum ETFs led to a significant milestone for the crypto market. Various cryptocurrencies, including Bitcoin, reached new record highs, with Bitcoin experiencing a 145% increase year-to-date and reaching a high of $108,268. This surge in Bitcoin and other cryptocurrencies led to a high demand for Tether's USDT stablecoin.

MicroStrategy became the first Bitcoin holding company to enter the Nasdaq-100, intending to raise $42 billion in capital over the next three years to acquire more Bitcoin. These milestones and the approval of ETFs are expected to fuel remarkable growth in the crypto market in 2025.

Market predictions suggest that Bitcoin's value may increase by 154% in 2025, potentially reaching a price of $250,000. Experts, such as Tom Lee from Fundstrat, are positive about Bitcoin's future, citing the cryptocurrency's halving price cycle as a factor that could contribute to its growth in the coming year. Bitwise, a Bitcoin ETF producer, also shares an optimistic outlook, predicting that Bitcoin may trade above $200,000 in 2025.



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